Savings 1 Drills

Banks serve as _________________ between those who have money but have no immediate use of it.

• Cloth room

• Vault room

• Cloak room

• Banking hall

The business of saving and borrowing money with a bank is called ______________.

• Capital Resource Preservation

• Resource Preservation

• Banking

• Borrowing

Money saved for future use is called ________________ preservation.

• Capital Resource

• Money

• Banking

• None of the above

The bank that controls all other banks is called ______ Bank

• Commercial

• Zenith

• First

• Central

______________ is referred to as the banker’s bank.

• First Bank of Nigeria

• Central Bank

• Commercial Bank

• Zenith

The ____________ is regarded as the government bank. 

• First Bank 

• Central Bank

• Zenith Bank

• Commercial Bank

____________ and _____________ are examples of commercial banks. 

• Central Bank and Zenith Bank

• Zenith Bank and Commercial Bank

• Zenith Bank and First Bank

• First Bank and Central Bank

Today, small amounts of money can be saved in _____

• Banks 

• Markets 

• Central Bank

• Post Offices 

____________ Account operates with withdrawal booklet.

• Savings

• Commercial

• Fixed Deposit 

• Current

The account in which a certificate is issued is called ___________

• Savings 

• Commercial 

• Fixed Deposit 

• Current